New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

New York & Tri-State  + Outer  + Healthcare  | 
Long-term leased to a CityMD urgent care location, 91-07 Jamaica Ave. in Queens has sold to new ownership

RIPCO Brokers Sale of Urgent Care Center in Woodhaven, Queens 

RIPCO Real Estate arranged the sale of investment sales property 91-07 Jamaica Ave. in Woodhaven, Queens. The $5.6-million sale equates to $1,110 per square foot. 

The team of Stephen R. Preuss, Kevin Schmitz, Andreas Efthymiou and Kevin Louie arranged the sale from owner 75 Parsons Blvd LLC to buyer Rassell Realty Corp. The 5,065-square-foot property is currently under a 10-year lease by CityMD, an urgent care center. 

“91-07 Jamaica Ave. meets an ongoing demand for fully leased assets with stable cash flows,” said Preuss. “The property offered the buyer a newly renovated space with a long-term credit medical tenant. We have been seeing investors gravitate towards medical tenancy as it serves the community and brings a secure income.” 

Connect

Inside The Story

RIPCO

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition